Originally Posted by
Kev Williams
OK, dumb question-
--I buy a 'widget machine' for $25,000 I need for my business to make money.
--instead of just taking a $25,000 tax deduction (section 179 these days), I opt for 7 years depreciation...
--the machine is now 20 years old, doesn't work for me, has little value to anyone, and I 'dispose' of it by selling it to some guy for $100..
--when I do that, am I seriously supposed to pay a 'recapture' tax?
--if true, then can someone PLEASE explain how then, that paying back a business tax deduction results in you every HAVING a tax deduction?